10/28/03.CORPORATE TAX REVISION--Chairman Bill Thomas, R-Calif., and ranking Democrat Charles B. Rangel, D-N.Y., during the House Ways and Means Committee markup of HR 2896, the."American Jobs Creation Act of 2003." .From CQToday: The House bill is a compromise package of corporate tax changes designed to eliminate an export subsidy declared illegal by the WTO while providing new tax benefits to domestic manufacturers and U.S.-based multinational corporations..A total of $140...more »

10/28/03.CORPORATE TAX REVISION--Chairman Bill Thomas, R-Calif., and ranking Democrat Charles B. Rangel, D-N.Y., during the House Ways and Means Committee markup of HR 2896, the."American Jobs Creation Act of 2003." .From CQToday: The House bill is a compromise package of corporate tax changes designed to eliminate an export subsidy declared illegal by the WTO while providing new tax benefits to domestic manufacturers and U.S.-based multinational corporations..A total of $140 billion in tax cuts are proposed, including some narrowly targeted breaks for such varied industries as fishing-tackle box manufacturers and restaurants..It would be partially offset with $80 billion in revenue increases, including curbs on tax shelters, that were included to hold down the bill's cost..CONGRESSIONAL QUARTERLY PHOTO BY SCOTT J. FERRELL« less